The closer you get to retiring the more you try and save for the future. While saving as much as you can is important, where you put those savings is equally important. Insurance agents, financial advisors, brokers, and retirement planners push annuities and life insurance as good retirement savings vehicles, especially in volatile markets. Don’t buy it. The Marin County annuity, securities fraud and financial elder abuse attorneys at Evans Law Firm, Inc. represent[1] individuals who have lost retirement savings in annuities, life insurance, and other unsuitable investments. Most of the victims we represent are seniors. If an agent or broker has sold you an inappropriate product such as life insurance or an annuity or you are the victim of securities fraud and you’re over 60, call us today at (415441-8669 and we can help.

Your hard-earned savings are yours. Don’t buy into commission-driven products like life insurance and deferred annuities that line other people’s pockets and leave you holding the bag. Avoid high-pressure sales seminars and promises of guarantees too good to be true – they always are. If you are considering an annuity here are some tips you should keep in mind:

Review any proposal with a professional with nothing to gain from your purchase.

Our litigation practice has taught us that annuities and life insurance are complicated, expensive, dangerously illiquid, and disappoint consumers once the policies – and annual charges and actual returns – kick in. Direct market returns through tax-deferred IRAs and 401(k)s historically outpace returns on annuities and are much less complex. Also working for you is your Social Security benefit which is an inflation-adjusted creditworthy annuity far superior to anything offered in the marketplace. There are lots of other ways to benefit from tax deferred savings without tying up your money in an expensive annuity. If you are considering an annuity, always consult your tax advisor and an investment professional with nothing to gain from a sale.

Contact Us

If you are over 60 and live in Marin County or elsewhere in California and have been sold an inappropriate or unsuitable investment product or suffered loss as the result of securities fraud or on an annuity or life insurance surrender or replacement, contact Ingrid M. Evans and the other annuity and financial elder abuse attorneys at the Evans Law Firm for a free review of your policy at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex indexed universal and whole life policies and annuity contracts and cases against large insurance companies. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

Annuities and life insurance produce large sales commissions for brokers but are often inappropriate products for consumers, especially seniors. Leading providers and distributors of life insurance and fixed, variable and fixed indexed deferred annuities in California are listed below. We are not in any way suggesting that any of these carriers or distributors has done anything wrong. Rather, the list is provided solely as a reference for our readers.

[1] While we do not provide tax or investment advice at Evans Law Firm, we do represent consumers who have suffered losses from fraud, inappropriate investments sold to them by agents and brokers, and other misconduct.